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North American Morning Briefing: More Major Earnings Eyed as Walmart Disappoints

North American Morning Briefing: More Major Earnings Eyed as Walmart Disappoints
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Asia Stocks Fall on Growth Concerns, China Selloff: Markets Wrap

(Bloomberg) U.S. stock-index futures fell and the dollar extended a rally as faltering growth and China’s regulatory curbs compounded risks before the Federal Reserve’s Jackson Hole symposium next week. Equity markets around the world were broadly in the red for another day. Hong Kong’s benchmark stock index entered a bear market and Europe’s Stoxx 600 Index was on track for the biggest weekly loss since February. S&P 500 futures lost 0.4%. Investors sought the safety of haven assets, with the dollar rising for a fifth day, its longest winning streak in two months. Treasury yields fell and gold climbed. “The delta variant of Covid is significantly more serious than anyone is really even pricing into the market,” Hilary Kramer, chief investment officer at Kramer Capital Research, said on Bloomberg Television. “We know that tapering is coming. We know that the market is getting tired.” With virus cases surging around the world, there’s speculation that economic growth

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